IC 5-28-11
    Chapter 11. Local Economic Development Organization Grants

IC 5-28-11-1
"Economically disadvantaged area"
    Sec. 1. As used in this chapter, "economically disadvantaged area"has the meaning set forth in IC 6-3.1-9-1.
As added by P.L.4-2005, SEC.34.

IC 5-28-11-2
"Local economic development organization"
    Sec. 2. As used in this chapter, "local economic developmentorganization" (referred to as "organization") includes the following:
        (1) An urban enterprise association established underIC 5-28-15 (or IC 4-4-6.1 before its repeal).
        (2) An economic development commission established underIC 36-7-12.
        (3) A nonprofit corporation established under state law whoseprimary purpose is the promotion of industrial or businessdevelopment in Indiana, the retention or expansion of Indianabusinesses, or the development of entrepreneurial activities inIndiana.
        (4) A regional planning commission established underIC 36-7-7.
        (5) A nonprofit educational organization whose primarypurpose is educating and developing local leadership foreconomic development initiatives.
        (6) Other similar organizations whose purposes includeeconomic development and that are approved by thecorporation.
As added by P.L.4-2005, SEC.34.

IC 5-28-11-3
"Program"
    Sec. 3. As used in this chapter, "program" refers to the localeconomic development organization grant program established bysection 4 of this chapter.
As added by P.L.4-2005, SEC.34.

IC 5-28-11-4
Establishment and administration of program
    Sec. 4. (a) The local economic development organization grantprogram is established.
    (b) The program is administered by the corporation.
As added by P.L.4-2005, SEC.34.

IC 5-28-11-5
Appropriation does not expire
    Sec. 5. An appropriation to the program does not expire or revertto the state general fund at the end of a state fiscal year.As added by P.L.4-2005, SEC.34.

IC 5-28-11-6
Grants; uses
    Sec. 6. (a) The corporation may provide a grant under the programto an organization to assist in the operation of the organization,including any operations related to the provision of low incomehousing or the rehabilitation of low income housing. Not more thantwenty-five percent (25%) of the grant amounts awarded under thischapter may be awarded for the provision or rehabilitation of lowincome housing. The grant may be used by the organization only topay for the following expenses:
        (1) Employee salaries.
        (2) Office and other facilities.
        (3) Professional services provided under contract to theorganization.
        (4) A strategic plan of economic development for any of theareas served by the organization.
        (5) Other similar administrative expenses of the organization.
        (6) Expenses related to the development of specialized trainingprograms that benefit economic development initiatives.
        (7) Expenses incurred in research and development projectsrelated to economic development initiatives.
    (b) A grant under this chapter may not be used by the organizationto provide direct financial assistance to a business or specificdevelopment project.
    (c) The corporation may award a grant under this chapter for theprovision or rehabilitation of low income housing only upon theauthorization of the office of the lieutenant governor. The office ofthe lieutenant governor is responsible for administering a grant underthis chapter for the provision or rehabilitation of low incomehousing.
As added by P.L.4-2005, SEC.34.

IC 5-28-11-7
Matching funds required
    Sec. 7. (a) A grant under this chapter must be matched by fundsraised by the organization from sources other than state funds. Theamount of the grant must equal:
        (1) one dollar ($1) for every two dollars ($2) raised by theorganization, in the case of an organization that serves only one(1) county; or
        (2) one dollar ($1) for every one dollar ($1) raised by theorganization, in the case of an organization that serves at leasttwo (2) counties.
    (b) A grant under this chapter may not exceed:
        (1) fifty thousand dollars ($50,000), in the case of a grant to anorganization that serves only one (1) county; or
        (2) seventy-five thousand dollars ($75,000), in the case of agrant to an organization that serves at least two (2) counties.As added by P.L.4-2005, SEC.34.

IC 5-28-11-8
Policies and guidelines; preferences
    Sec. 8. (a) The corporation may adopt policies and guidelinesgoverning application criteria and procedures for organizationsapplying for grants under this chapter.
    (b) The corporation shall give preference in awarding grants toorganizations from or serving economically disadvantaged areas.
As added by P.L.4-2005, SEC.34.

IC 5-28-11-9
Appropriations
    Sec. 9. Money appropriated for the program may be used for thecosts of administering this chapter.
As added by P.L.4-2005, SEC.34.